The number of millionaires in the UK has shot up by 41% over the past five years, with one in 65 adults now classed as having a seven-figure fortune thanks to booming house prices and stock market gains.
There are now 715,000 millionaires living in Britain compared with 508,000 in 2010, with London having the highest concentration of wealthy individuals.
The capital has 191,000 millionaires, followed by the south-east with 157,000,according to data from the wealth management arm of Barclays bank. Wales had the fewest, with 12,000.
But wealth does not correlate with kindness. The region of the UK with the lowest average annual pay – Northern Ireland – is by far the country’s most charitable, with 45% of households giving to charity, Barclays found. The figure for London was just 28%.
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